Today’s post is about how I lived the Nomadic Lifestyle that only an online business allows, how I built a multi-million dollar business in the process, and how you can to…
Buenos Aires, 2005…
My online marketing business started from a big old heavy HP laptop in a coffee shop in Buenos Aires (ultra thin laptops didn’t exist back then!).
That was a decade ago.
For the next 10 years I worked exclusively from a laptop, little by little building and growing a multi-million dollar online business.
Only last year did I finally get an office, a large monitor (iMac) and a nice ergonomic chair.
The point is, you can build a million dollar business with some pretty basic tools.
A simple laptop, and an internet connection are really all you need.
What this means of course, is that you can have complete geographic freedom and work from pretty much anywhere… and that’s where the ‘Nomad Lifestyle’ fits in…
Live in Paradise for a while…
Why not live somewhere exotic (and dirt cheap), while you build your dream business?
During my pre-office nomadic days, I found myself working from random cities all around the world, sometimes on cruise ships, frequently in airport lounges, often at coffee shops, hotels, yachts (thanks Steve!), and more commonly, the couch (which, let me tell you, is not great for your back!).
The other reason an online business lends itself to a nomadic ‘move-when-and-where-you-want’ lifestyle, is because you really can start an online business on a shoestring budget and quickly get to an earning rate of $50 – $100 per day or more… more on a specific example about this shortly.
‘Wallet friendly’ destinations
The easiest example for me to give you is Buenos Aires, Argentina.
I’ve lived in Buenos Aires for the past decade, and am got my residency in 2015.
In Buenos Aires, you can rent an apartment for under $500/month. The average price on AirBNB.com is $1350 for the month of March, but there are PLENTY of options for under $500, and if you don’t mind sharing, you can get a room for $200-$300/month.
You’ll need an internet connection as well, a portable hotspot costs about $20/month in Buenos Aires, and you can just top it up whenever you need it.
Add on a budget for food (and drink) of about $15/day, and you’re looking at about $970/month to LIVE in Buenos Aires:
- Rent: $500/month
- Internet: $20/month
- Food: $450/month
That’s a nominal value of just $32/day, something you could EASILY earn from a simple affiliate site, or a couple of hours of outsourcing each day (on a site like Upwork.com and Freelancer.com).
SIDENOTE: An alternative to renting is to just BUY your own apartment… I bought this apartment for $32,000 in 2006, spent $8,000 renovating, and then lived rent-free in Buenos Aires for a few years (I don’t live in this apartment anymore, but it still provides me a healthy little rental income stream each month).
Thailand… $18/day is all you’ll need!
There are a TON of exotic low-cost traveller destinations waiting to be explored, PriceOfTravel.com is a great comparison website, and this page lists the cheapest 136 cities: http://www.priceoftravel.com/world-cities-by-price-backpacker-index/
Some of my personal favorites are:
- Chiang Mai, Thailand ($18/day to ‘live’ there as a long term tourist)
- Ho Chi Minh City (aka Saigon), Vietnam ($18/day)
- Krakow, Poland ($24/day)
- Budapest, Hungary ($26/day)
- Prague, Czech Republic ($40/day)
- Madrid, Spain ($45/day)
A few other affordable places to live/work from are:
- South East Asia… pretty much anywhere.
- China, pretty much anywhere.
- Mexico, pretty much anywhere… I’d head to the Yucatán Peninsula though, and probably set my sights on Playa del Carmen.
- Rio de Janeiro, Brazil
- Manila, Philippines
Shoestring budget businesses?
There are plenty of businesses you can build online that do NOT require paid advertising or any more than $100 of upfront investment.
A few options to consider include:
- Adsense websites
- An eCommerce dropshipping store that leverages SEO traffic
- An affiliate website
- A Kindle book business
These are just a few options.
Consider my simple truck driver educational affiliate/adsense site, http://www.cdltraininghub.com/.
Assuming you write all the content yourself, the only cost of that website was the domain name ($10/year) and hosting ($50/year). That’s it!
And if you did want to outsource the writing, you’d only be looking at a few hundred bucks anyway.
The income potential on the other hand is comparatively large…
From a site like this, you could easily earn hundreds or even thousdands of dollars each day.
In the case of CDL Training Hub, it really is ‘earn while you sleep’ income. I haven’t touched that site in YEARS, but it still brings in money day after day (and certainly more than enough to live in some of the destinations mentioned above!).
Online Business = FREEDOM
Travelling and living the Nomadic Lifestyle might not be your thing, but I bet you’re after some kind of FREEDOM… geographic, financial, or time freedom.
Everyone I’ve ever spoken to about this is driven by at least one of these three types of freedom, and an online business can give it to you unlike any other business model I know of.
If you ARE someone who likes to travel, then I’d highly recommend you to pack your bags, and head to some exotic destination to build your business for a while.
If you’re working a day job that you’re not ready to quit, consider taking a month off and travelling someone cool… you’ll be amazed at the places you can afford to visit when you sit down and crunch the numbers.
I hope this inspires you, writing this post is giving me itchy feet!
Today’s Winner Is…
Sharon Y (firstname.lastname@example.org) – you’ve won a GoPro!!
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